Subaru (OTCMKTS:FUJHY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Subaru (OTCMKTS:FUJHY) from a hold rating to a buy rating in a research note released on Tuesday, Zacks.com reports. They currently have $11.00 price target on the stock.

According to Zacks, “Subaru Corp. manufactures and distributes automobile products. The Company’s Automobile segment manufactures and sells vehicles and related products. Aerospace segment manufactures aircrafts, parts of space-related devices. Subaru Corp., formerly known as Fuji Heavy Industries Ltd., is based in SHIBUYA-KU, Japan. “

Several other brokerages have also recently issued reports on FUJHY. UBS Group raised Subaru from a neutral rating to an outperform rating in a report on Thursday, December 16th. JPMorgan Chase & Co. raised Subaru from an underweight rating to an overweight rating in a report on Tuesday, November 16th.

Shares of FUJHY opened at $9.54 on Tuesday. The stock has a 50-day moving average of $9.39 and a two-hundred day moving average of $9.52. Subaru has a one year low of $8.64 and a one year high of $10.50. The stock has a market cap of $14.68 billion, a P/E ratio of 15.90, a P/E/G ratio of 0.32 and a beta of 0.62.

Subaru (OTCMKTS:FUJHY) last issued its quarterly earnings results on Friday, November 5th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. Subaru had a return on equity of 5.51% and a net margin of 3.31%. The company had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.15 billion. As a group, equities research analysts predict that Subaru will post 0.78 EPS for the current fiscal year.

A hedge fund recently raised its stake in Subaru stock. Parametric Portfolio Associates LLC grew its stake in Subaru Co. (OTCMKTS:FUJHY) by 26.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,994,150 shares of the company’s stock after buying an additional 417,278 shares during the quarter. Parametric Portfolio Associates LLC owned 0.13% of Subaru worth $19,722,000 as of its most recent SEC filing.

Subaru Company Profile

Subaru Corp. engages in the manufacture and sale of automobiles, aircraft, engine parts, and industrial machines. Its operations are carried out through the following segments: Automobile, Aerospace, and Others. The Automobile segment produces, repair, and sells passenger cars and automobile parts. The Aerospace segment manufactures, supplies, and repair airplanes and aerospace-related machineries and components.

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